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SEC Approves Groundbreaking Bitcoin and Carbon Credit Futures ETF

SEC Approves Groundbreaking Bitcoin and Carbon Credit Futures ETF

CryptodnesCryptodnes2024/11/17 06:44
By:Cryptodnes

The U.S. Securities and Exchange Commission (SEC) has fast-tracked the approval of a new exchange-traded fund (ETF) that combines Bitcoin exposure with carbon credit futures.

On November 15, 2024, the approval was finalized, marking a significant milestone for a product that merges cryptocurrency investment with sustainability efforts.

The ETF, which will be listed on the NYSE Arca exchange, was filed under NYSE Arca Rule 8.500-E, starting its SEC review on March 13, 2024. The proposal underwent extensive revisions and due diligence to address the challenges of integrating spot Bitcoin assets with carbon credit futures.

After considering public feedback and further regulatory reviews, the SEC approved the fourth version of the proposal, which strengthens its operational structure and ensures compliance with relevant laws.

READ MORE:
Dogecoin Creator Jokes About Bitcoin’s Future While Revealing His Small BTC Holdings

This ETF offers investors two key benefits: direct exposure to Bitcoin’s price fluctuations, allowing them to capitalize on the cryptocurrency’s increasing popularity, and investments in carbon credit futures to mitigate the environmental impact of Bitcoin mining, aligning with global sustainability initiatives.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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